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In the first half of 2020 China engineering machinery import and export market analysis

In the first half of 2020 China engineering machinery import and export market analysis

  • Categories:Industry News
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  • Time of issue:2020-08-11
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(Summary description)In June 2020, engineering machinery products are exported to $1.62 billion, fell 25% year on year; Into the mouth, $318 million, fell 4.65% year on year. As shown in table 1 for engineering mechanical products import and export of monthly report in 2020.Table 1 2020 engineering machinery products import and export of monthly report

In the first half of 2020 China engineering machinery import and export market analysis

(Summary description)In June 2020, engineering machinery products are exported to $1.62 billion, fell 25% year on year; Into the mouth, $318 million, fell 4.65% year on year. As shown in table 1 for engineering mechanical products import and export of monthly report in 2020.Table 1 2020 engineering machinery products import and export of monthly report

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-08-11
  • Views:0
Information

In June 2020, engineering machinery products are exported to $1.62 billion, fell 25% year on year; Into the mouth, $318 million, fell 4.65% year on year. As shown in table 1 for engineering mechanical products import and export of monthly report in 2020.

Table 1 2020 engineering machinery products import and export of monthly report

Import side, between January and June 2020, components imported $925 million, fell 14.7% year on year, accounted for 50.1% of total imports. Import the machine $920 million, fell 21.1% year on year, accounted for 49.9% of total imports. In main products to be imported, crawler excavator import value fell by 28.7% and 34.4% respectively, imports to reduce $198 million; Parts imports to reduce $159 million. Other imports by more tyre excavator, crawler cranes, forklifts, concrete mixing machinery, etc. Import growth mainly has: the engineering drilling machine of pile driver and, tunnel boring machine and stacking machine, etc.

To some extent drop in exports on six continents, including a 20.6% drop in exports in Asia, a 17.4% drop in Africa, in Europe fell by 16.9%, a 19.9% drop in North America, Oceania fell by 18.7%, a 9.82% drop in South America.

Export country, exports to the us $1.107 billion, fell 18.5% year on year, accounted for 11.38% of China's total exports during the first half of this year, exports to other major export target market situation are shown in table 3:

Table 3 exports to other major export target markets
 

     In the first half of this year of engineering machinery products import and export by new crown pneumonia outbreak at home and abroad and the domestic market, the influence of imports last year continued to decline, on the basis of the continued to decline more than 20%. The imports fell 25.2% in January and February, still fell 25% in March, the cumulative decline of 22.2% in April, down 20.3% in May, June, imports fell less than 5%, fell by 18% in the first half of the year. According to the national construction machinery demand continues to recover, developed countries are trying to restore production and operation, the decline in imports narrowed slightly in the second half of this year is expected to import drop, and drop the slow narrowing trend will continue. Exports during the first half of the outbreak, under the influence of double-digit decline, present a decline in the first four months narrowing trend from month to month, but continuous in June this year the biggest monthly decline, accumulative total exports and was expanded. Thus, the influence of the outbreak this year will continue to press the export recovery. June 1, 2020 - collect classified engineering machinery products import and export are shown in table 4.

At present, the impact of the outbreak, a deep recession of world economy, international trade and investment contracted sharply, China's foreign trade development environment more severe complex. According to the international monetary fund's latest forecast, the world economy will fall by 4.9% this year, the world bank forecasts the global economy will decline 5.2%, is the most severe recession since world war ii.

Sunvo intelligent also adopt the way of online live lead agency to visit the factory in the United States, with a short video and online conference system, etc., let us agents direct headquarters of manufacturing workshop, and implement and American companies, sunvo intelligent headquarters was synchronous communication. In the first half of this year, under the outbreak of sunvo company sales grow 162% in the United States. In addition, sunvo intelligent with alibaba to held a full English online broadcast engineering machinery products, showing through alibaba international station to global customers. In alibaba international station, cross-border electrical business transactions in the first half of this year the first is construction machinery products, such as excavator, pump truck. Construction machinery industry in the first half of the main product sales and export scale 5.

Table 5 construction machinery industry in 2020 June 1 - main product sales and exports
 

Second, in the first five months of 2020, China's foreign contracted projects completed business turnover RMB 348.43 billion, fell 7.1% year on year (amount to 49.63 billion dollars, fell 10.5% year on year), new signing contracts reached 601.88 billion yuan, up 14.4% from a year earlier (amount to $85.73 billion, up 10.2% from a year earlier).
In the first five months of 2020, China's enterprises in the "area" all the way along the new signing contract of foreign contracted projects in 63 countries, 1846, the newly signed contracts can be 329.83 billion yuan, accounting for the same period of China's foreign contracted projects new signing contracts can be 54.8%, year-on-year growth of 3.9% (or $46.98 billion, up 0.1%); Complete turnover RMB 205.49 billion, accounting for 59% of the total, fell 0.6% year on year (amount to 29.27 billion dollars, fell 4.3% year on year).

It is important to note that the new crown pneumonia outbreak hit serious in Italy, France industrial production growth is highest, the two countries rose 42.1% and 20%, respectively; Construction more rose 168% and 118.3%.

Note: this article reference data source of China construction machinery industry association.
 

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